Posten buys form company
The Local Sweden - [email protected]
Published: 14 Mar, 2006 CET.
Updated: Tue 14 Mar 2006 14:39 CET
Strålfors, a Swedish company that produces printed forms, is to be bought by Posten, the state-owned postal service in a deal worth over 2 billion kronor. Posten is offering 95 kronor per share for the family firm, and Strålfors’ board has unanimously recommended that shareholders accept the bid.
The Parkander family, which controls 81.7 percent of the voting rights and 69.3 percent of the capital in Strålfors, has given Posten the option to buy all its shares in the company.
Strålfors’ second-largest shareholder, Skandia Liv, which controls 7.1 percent of the capital and 4.2 percent of voting rights, has said it is positive towards the bid.
The offer represents a 31 percent premium compared with the most recent traded share price on the Stockholm Stock Exchange. Posten’s bid is worth a total of 2.031 billion kronor. Trading in Stråfors shares, which was suspended on Monday, has now been restarted.
TT/The Local
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The Parkander family, which controls 81.7 percent of the voting rights and 69.3 percent of the capital in Strålfors, has given Posten the option to buy all its shares in the company.
Strålfors’ second-largest shareholder, Skandia Liv, which controls 7.1 percent of the capital and 4.2 percent of voting rights, has said it is positive towards the bid.
The offer represents a 31 percent premium compared with the most recent traded share price on the Stockholm Stock Exchange. Posten’s bid is worth a total of 2.031 billion kronor. Trading in Stråfors shares, which was suspended on Monday, has now been restarted.
TT/The Local
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